DUBLIN--(BUSINESS WIRE)--The "Global Hydrogen Storage Market Size, Share, Development, Growth and Demand Forecast to 2026" report has been added to Research and Markets' offering.
The global market for hydrogen storage is expected to witness a CAGR of 7.6% during the forecast period due to the increasing focus of key players to produce alternative renewable energy from fuel cells, hydrogen and oxygen.
Additionally, increasing consumption of hydrogen in various end-use sectors including power, energy, transportation, fueling stations, and electronics are expected to bolster the market for hydrogen storage during the forecast period. Based on form of storage, physical storage is expected to be the largest segment in the global hydrogen storage market during the forecast period. Stationary power emanated the largest demand in the global hydrogen storage market. Additionally, the segment is expected to witness the highest demand in the global market for hydrogen storage during the forecast period.
The key trend observed in the global hydrogen storage market is the increasing focus on R&D for the development of hydrogen storage technology. In the recent years, the U.S., the U.K., and India have been increasingly focusing on R&D activities that would help in technological advancements in hydrogen and fuel cell technologies. This has ensured the development of adequate hydrogen storage for onboard light-duty vehicle, material-handling equipment and portable power applications that would help in fulfilling the targets set by the U.S. Department of Energy.
Another trend observed in the global hydrogen storage market is the increasing adoption of hydrogen storage in solid form. The hydrogen storage market is expected to attract huge investments during the forecast period on account of increasing advancements in the fuel cells and hydrogen technologies, and implementation of favorable government initiatives such as new Funding Opportunity (FOA) to increase the adoption of hydrogen storage technologies across the globe.
- Air Liquide Sa
- Linde Ag
- Praxair, Inc.
- Worthington Industries Inc.
- Mcphy Energy S.A.
- Hbank Technologies Inc.
- Hexagon Composites Asa
- Vrv S.P.A.
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Hydrogen Storage Market
5. Global Hydrogen Storage Market, By Geography
6. Porters Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit https://www.researchandmarkets.com/research/d3h5r3/global_hydrogen